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How AI is changing the valuations process

Housing Wire

HousingWire recently spoke to Chris McLain, division president of Valuations for Consolidated Analytics , about the current appraisals market, AI innovation in valuations and valuation products for HELOCs and second-lien mortgages. HousingWire: How is the market for appraisals changing in 2024?

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What AVMs can and can’t do in the appraisal process

Housing Wire

Further, Fannie notes, “Leveraging the wealth of big data, the power of advanced analytics, and the speed of technology, appraisers can perform desktop appraisals without physically inspecting the property.” Here are six misconceptions surrounding what AVMs currently do for appraisal valuation: 1.

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HUD, GSEs to Allow Consumers to Seek Reconsideration of Appraisal Valuations

Appraisal Buzz

Department of Housing and Urban Development (HUD), through the Federal Housing Administration (FHA), and government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac are now allowing home appraisals to get a second look when bias is suspected in the appraisal process.

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How do remote valuation solutions benefit appraisers?

Housing Wire

From having to manage high volumes to finding innovative ways to appraise homes while maintaining distance, it’s no secret appraisers faced challenges during the beginning of the coronavirus pandemic. RemoteVal, by Incenter, replicates the process an appraisal already does. For more information on RemoteVal, click here.

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Stewart Title acquires valuation services company Pro Teck

Housing Wire

Stewart Appraisal Management , a subsidiary of Stewart Information Services Corp., announced on Thursday it acquired valuation services company Pro Teck Valuation Intelligence. Stewart is looking to strengthen and expand its scale in the appraisal and valuation solutions space.

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Black Knight’s Scout added to Fannie Mae’s new valuation options list

Housing Wire

The government-sponsored enterprise (GSE) approved six vendors following the roll-out of its new valuation initiative. The list includes some of the biggest names in the mortgage tech space — Solidifi, Class Valuation , Clear Capital , Mueller Services, Inc. Accurate Group and Black Knight ‘s Collateral Analytics LLC.

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Incenter Appraisal Management and McKissock Learning Form Desktop Valuation Training Partnership

Appraisal Buzz

“McKissock Learning and Incenter Appraisal Management are equally focused on empowering appraisers to remain the key stakeholders in the appraisal process. McKissock instructor Josh Walitt, a compliance and valuation consultant and experienced appraiser, will lead the first webinar. Click here to register.

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